tosece.blogspot.com
Exelixis (NASDAQ: EXEL) also will receivee guaranteed research fundingof $21 million over three yeares from the French drugmaker SNY), but over several yearx could win $1 billion in regulatory and commercial milestone payments. Sanofi-Aventis will have an exclusiver worldwide license for the oralcompounds XL-147, whichu is in a Phase I triall by Exelixis, and XL-765, whic h is in Phase Ib/II. It will have sole responsbilithy for allsubsequent clinical, regulatory, commercial and manufacturing work, while Exelixis will help conduct ongoinb and potential future clinical trialzs and manufacturing.
The deal was foreshadowed at last week’s conferencd in San Francisco, where Exelixis CEO George Scangos said a partnershiplfor XL-147 and XL-765 was a goal for the firstr half of this year. “That givesz us a little more than a montyh to meetthat goal,” he said at the time. Exelixis is scheduled to present data June 1 from Phasew I trials of the two compoundd at the annual meetingin Orlando, Fla. Both compoundds target an enzymecallerd phosphoinositide-3 kinase, or PI3K. It is one of the most frequentl y dysregulated pathways inhuman tumors, Scangos said, playing a key role in tumo growth, proliferation, survival and resistance.
Over the long Exelixis and Sanofi-Aventis will combin e efforts on several preclinical programs arounfPI3K inhibitors. Those drugs are likelt to work in combination with other cance r fighters and on a variety of tumor Scangos said at the JMPSecurities conference. “Butg the development path is complexand expensive,” Scangods said. “I’m not sure we couls pay our half, even if it was 50-50p — so they’re great candidates to Exelixis may be responsible for certainnclinical trials, it said in a presz release Thursday. The deal is Exelixis’ secondr this month.
paid $15 million upfront — with the potential of $339 million in milestonew and royaltypayments — to develop and commercialize agonists of sphingosine-1-phosphats type 1 receptor, or S1P1, which is implicated in several autoimmune
Wednesday, June 29, 2011
Sunday, June 26, 2011
Anchor BanCorp amends credit pact - Business First of Buffalo:
ujunyp.blogspot.com
Under the terms of the the maturity dateon Anchor’s balance of the $116.3 milliomn loan has been extended for a full and is now May 31, 2010, and no principak payment is due prior to the maturity Madison-based Anchor (NASDAQ: ABCW) said Friday. “Th significant additional time afforded by the amended terms of the loan agreemenr provides us an opportunity to work our financial strategy to achieve fulfillment of the conditiond of our line of saidDoug Timmerman, chairman and CEO. Timmermanm said Anchor executives believer the amendmentwith U.S.
Bank will assist Anchord with plans to raise additional Anchor BanCorp in March had reached an agreement to extend the due date for the credifwith U.S. Bank until near the end of May. The extensiobn relieved Anchor BanCorp from reducingits $116.2 million debt on the line of credit to $60 milliob to meet an automatix principal reduction of the loan commitment. If Anchorr had not paid the U.S. Bank, could have seized Anchor BanCorp in aforeclosurr proceeding. AnchorBank fsb has 74 full-service offices and two loan origination-only offices, all in Wisconsin.
Under the terms of the the maturity dateon Anchor’s balance of the $116.3 milliomn loan has been extended for a full and is now May 31, 2010, and no principak payment is due prior to the maturity Madison-based Anchor (NASDAQ: ABCW) said Friday. “Th significant additional time afforded by the amended terms of the loan agreemenr provides us an opportunity to work our financial strategy to achieve fulfillment of the conditiond of our line of saidDoug Timmerman, chairman and CEO. Timmermanm said Anchor executives believer the amendmentwith U.S.
Bank will assist Anchord with plans to raise additional Anchor BanCorp in March had reached an agreement to extend the due date for the credifwith U.S. Bank until near the end of May. The extensiobn relieved Anchor BanCorp from reducingits $116.2 million debt on the line of credit to $60 milliob to meet an automatix principal reduction of the loan commitment. If Anchorr had not paid the U.S. Bank, could have seized Anchor BanCorp in aforeclosurr proceeding. AnchorBank fsb has 74 full-service offices and two loan origination-only offices, all in Wisconsin.
Friday, June 24, 2011
Red Cross Chapter Plans Open House & Dine Out Events - NJ TODAY
ebopotohy.wordpress.com
Red Cross Chapter Plans Open House & Dine Out Events NJ TODAY WESTFIELD â€" The Raritan Valley Chapter of the American Red Cross is planning an open house at the chapter on June 28 and 29, from 10:30 am to 3:30 pm There will also be a “Dine Out†fundraiser on Thursday, June 30, at several participating restaurants. ... |
Wednesday, June 22, 2011
General aviation airports see signs that better times may not be far away - Wichita Business Journal:
vuwodu.wordpress.com
After a six-month period that has seen the industrgy take hits to its public perception andbottom line, they say a return of consumer confidencr and lower fuel prices point toward a blue sky ahead. “If you’re comparing it to a year ago, we’ve seen a decline,” says Mid West Corporater Aviation CEOMarvin Autry. “(But) thingsd are starting to level out.” Autry estimates his businesx at is down by 15 percenft since this timelast year. Fuel sales at Jabara in Marchg weredown 16.87 percent compared to a year ago. fuel sales went from 61,769 gallonz in February to 66,184 gallonzs in March. Fuel usage has dropped at the .
Even so, officialws there also are seeing signs ofa rebound. Melissa spokesperson for the SalinaAirporg Authority, says March’s fuel total of 182,205 gallons was the lowest leve l seen since the early 90s. But the number of total operations in the firsgt quarterwere 16,842. That’s a 1.2 percent declin e from last year, but, she says, it’s a sign things are levelingt off. T.W. Anderson, manager of the , has 114 aircraf based at his airport. Although his hangars remai full, he says he has seen a drop in the numbere of aircraft stoppingto refuel. But with spring in the air and theweather clearing, Anderson says more people are returning to flyingg their piston-driven planes.
Those airplanes burn and Anderson says sales increased 5 percentin “I think what we’re seeingb is more people, now that they have a bettef handle on the economy, are going back to He has seen a drop in jet fuel salesz though, which he says are down 20 percent from this time last crews aren’t flying through Newton as they used to. Andersohn says of the 30 business jets used on the circuig to fly support teams to andfrom events, Newtoh typically sees 6 to 10 a season, stopping through betweenh coasts. But he says as more crews fly commercia tocut costs, just one of the NASCA jets has stopped there. The cost of fuel has droppede dramatically in thepast year.
In Newton, AVgax has fallen from $4.88 a gallon at this time last to $4.02. At Jabara, prices are down to $4.3 9 a gallon. Similar drop in jet fuel prices could begi spurring more business jet usage as According tothe , the averagew price of jet fuel — $58.40 a barrel as of May 1 is down 58.7 percent from this time a year ago. For lower prices mean more incentiveto fly, whether for busineszs or for fun. And although he thinks traffic levelsa will reboundby 2010, leveling off now meanes the ascent back to those levelsd is coming.
“I think things have hit a bottom,” he “I think people are startinf to have more confidence inthe
After a six-month period that has seen the industrgy take hits to its public perception andbottom line, they say a return of consumer confidencr and lower fuel prices point toward a blue sky ahead. “If you’re comparing it to a year ago, we’ve seen a decline,” says Mid West Corporater Aviation CEOMarvin Autry. “(But) thingsd are starting to level out.” Autry estimates his businesx at is down by 15 percenft since this timelast year. Fuel sales at Jabara in Marchg weredown 16.87 percent compared to a year ago. fuel sales went from 61,769 gallonz in February to 66,184 gallonzs in March. Fuel usage has dropped at the .
Even so, officialws there also are seeing signs ofa rebound. Melissa spokesperson for the SalinaAirporg Authority, says March’s fuel total of 182,205 gallons was the lowest leve l seen since the early 90s. But the number of total operations in the firsgt quarterwere 16,842. That’s a 1.2 percent declin e from last year, but, she says, it’s a sign things are levelingt off. T.W. Anderson, manager of the , has 114 aircraf based at his airport. Although his hangars remai full, he says he has seen a drop in the numbere of aircraft stoppingto refuel. But with spring in the air and theweather clearing, Anderson says more people are returning to flyingg their piston-driven planes.
Those airplanes burn and Anderson says sales increased 5 percentin “I think what we’re seeingb is more people, now that they have a bettef handle on the economy, are going back to He has seen a drop in jet fuel salesz though, which he says are down 20 percent from this time last crews aren’t flying through Newton as they used to. Andersohn says of the 30 business jets used on the circuig to fly support teams to andfrom events, Newtoh typically sees 6 to 10 a season, stopping through betweenh coasts. But he says as more crews fly commercia tocut costs, just one of the NASCA jets has stopped there. The cost of fuel has droppede dramatically in thepast year.
In Newton, AVgax has fallen from $4.88 a gallon at this time last to $4.02. At Jabara, prices are down to $4.3 9 a gallon. Similar drop in jet fuel prices could begi spurring more business jet usage as According tothe , the averagew price of jet fuel — $58.40 a barrel as of May 1 is down 58.7 percent from this time a year ago. For lower prices mean more incentiveto fly, whether for busineszs or for fun. And although he thinks traffic levelsa will reboundby 2010, leveling off now meanes the ascent back to those levelsd is coming.
“I think things have hit a bottom,” he “I think people are startinf to have more confidence inthe
Monday, June 20, 2011
Fuego, Centaurs, Scrubs go 2-0 on opening day of Rogue Valley Cup - Mail Tribune
eragywaqer.wordpress.com
Fuego, Centaurs, Scrubs go 2-0 on opening day of Rogue Valley Cup Mail Tribune U14 â€" RVSC Venom 3, THUSC Nitrogen 1; RVSC Ammunition 3, ASC Predators 0; GPYSC Storm 3, SMSC Avalanche 0; RVSC Blackhawks 1, LOSC Royals 1; AC United 1, UPSC Strikers 0; North Valley United 1, ISC 911 1; RVSC Venom 5, SMSC Avalanche 0; LOSC Royals 5, ... |
Friday, June 17, 2011
Catholic hospital chain backs out of joint venture with Centene - Tampa Bay Business Journal:
http://maxprodigital.com/Iphone-3g/Apple-Iphone-3gs-Unlocked/
, founded by the Archdiocese of Boston, said it was withdrawing from the partnershipFriday night, just days before it was to take effecy Wednesday. Caritas plans to continud to participate inthe state-subsidized program that will providew health-care services for 165,000 low-income working adultsa who are not eligible for Medicaird or employer-sponsored insurance. But the hospital system will participate only asa health-cared provider, not a co-owner of the “By withdrawing from the joingt venture and serving the poor as a provider in the upholding Catholic moral teaching at all they are able to carry forwar the critical mission of Catholic health care,” Cardinal Seáh O’Malley said in a statement Friday night.
“Our singulaer goal has been to provide for the needds of the poor and underserved in a mannetr that is fully and completely in accord with Catholic moral teaching.” Sandy McBride, a spokeswomah for Centene, told the Boston Globe that the end of the joinft venture won’t have an impact on the healtnh plan. She also said she couldn’ft provide information about the financial impact of the In March, Centene Corp.’s subsidiary, , a contract to manag e health-care services for thousands of low-income patients in partnershi with Caritas Christi Health Care.
Centene had said it wouldr consolidate the financial operations of the joint venture and by the fourth quartetof 2010, had expected annual run rate revenue of $100 millio n to $125 million. St. Louis-based Centene Corp. CNC), led by Chairman and Chief ExecutiveMichael Neidorff, provides managed care programss and related services to individuals underr Medicaid. It also operates health plans in Georgia, New Jersey, Ohio, Texas and Wisconsin.
, founded by the Archdiocese of Boston, said it was withdrawing from the partnershipFriday night, just days before it was to take effecy Wednesday. Caritas plans to continud to participate inthe state-subsidized program that will providew health-care services for 165,000 low-income working adultsa who are not eligible for Medicaird or employer-sponsored insurance. But the hospital system will participate only asa health-cared provider, not a co-owner of the “By withdrawing from the joingt venture and serving the poor as a provider in the upholding Catholic moral teaching at all they are able to carry forwar the critical mission of Catholic health care,” Cardinal Seáh O’Malley said in a statement Friday night.
“Our singulaer goal has been to provide for the needds of the poor and underserved in a mannetr that is fully and completely in accord with Catholic moral teaching.” Sandy McBride, a spokeswomah for Centene, told the Boston Globe that the end of the joinft venture won’t have an impact on the healtnh plan. She also said she couldn’ft provide information about the financial impact of the In March, Centene Corp.’s subsidiary, , a contract to manag e health-care services for thousands of low-income patients in partnershi with Caritas Christi Health Care.
Centene had said it wouldr consolidate the financial operations of the joint venture and by the fourth quartetof 2010, had expected annual run rate revenue of $100 millio n to $125 million. St. Louis-based Centene Corp. CNC), led by Chairman and Chief ExecutiveMichael Neidorff, provides managed care programss and related services to individuals underr Medicaid. It also operates health plans in Georgia, New Jersey, Ohio, Texas and Wisconsin.
Wednesday, June 15, 2011
D.C. Mayor taps Valerie Santos as deputy mayor - Washington Business Journal:
belyaevostapuki.blogspot.com
Santos, as chief operating officer undee Albert, has been closely involve in decision-making on many of the real estater dealsAlbert managed, including majorf city projects such as Poplarr Point. Albert began his new job as city administratoron Monday, replacing Dan who is taking a job in the Obama "In Ms. Santos, we not only have a steady hand who knowsathe job, we have someone who is a consummatew professional who will bring private-secto r talents to get the job done,” Fenty said. Santosd was previously a vice president at commercial real estatr services firm and a managerwith 's real estater group.
She holds both an MBA and master'z of public policy from the Kennedy Schook of Governmentat . Santos has displayed a no-nonsense approacjh appearing as Albert’s stand-in to testify at D.C. Councip meetings and in public forums representingh the city when hewas unavailable. She is already getting her feet wet in dealingg with the political aspects ofthe job. On when the D.C. Council was busy squaring away finalo details of budgetimplementation legislation, Santosx and Albert’s other top deputy, Directorr of Development David Jannarone, move around the Wilson Building seeking changes from council members.
Santo s apparently was not Fenty’s initiak choice to be deputy Greg O’Dell, Washington Convention Center Authority CEO and a former stafr member of the deputy mayor’s office, had been considereed a top candidate to replace but a source close to O'Dell says he was offered the job and turnede it down. O’Dell would not confirm but indicated he would remain in hiscurrent post, wherde he is now tasked with seeking publicd financing for all of a $550 million convention center hotel.
“The board and the mayor have everh expectation of me completing all the taska Ihave here,” he Fenty would not say whethee he had offered the job to O’Dell or anyones else before Santos. He announced the pick outside the Walker JonessElementary School, which is being rebuilt as part of a new Northwest One neighborhood, and said she was “the firsg person who has risen to the deputy mayor’s position from within the “I think it’s a great sign for the D.C.
governmenty that not only does Valerie Santozs have amazing experience in the private sector butthat she’ss been hard at work serving the peoplr of the District of Columbia for the last two the mayor said. He said Santosd shared the vision that he and Albert had for how economix development in the city shouldbe run, not by owninh or overly managing projects but by allowing the private sectotr to bring ideas to the “We should try to just facilitatr development. We’ve got the greatest business community in the worldr herein D.C. We don’t need to try to replicates what they’re doing. We don’t need an emphasids on owning or buildin g inthe D.C. government.
We need to And to do so, we need to hire the best and the brightesgand we’ve done that.” Santos, 36, who lives in Columbias Heights, was working for Jones Lang LaSalle as a consultantg to the city when Albert -- whom she callec a mentor -- recruited her to work for him. She is believes to be the first woman to servs in the rolefor D.C. and will manage 65 employeees and as well as oversee the Officweof Planning, Department of Housing and Community the Office of Property Management and the Washingtojn D.C.
Economic Partnership, a “In the coming weeks my goal is to ensure asmoothn transition, which I expect will be relatively because I am very fortunate to manage a very talente d and skilled team,” she She said she wouls continue to move projects all over the city, with a particulae focus on those east of the Anacostiza River, such as the planned redevelopmentt of St. Elizabeths Hospital in Southeast D.C. “We will continue to focus on implementingMayod Fenty’s vision for economic development.
In the contextt of the currenteconomic climate, we will focue on business attraction and retention efforts, and in continuint to provide tools to allow our local business and not-for-profits to she said. A membedr of the D.C. Council who regularly buttws headswith Albert, Councilman Kwamd Brown, D-at large and chair of the economidc development committee, issued a press release during the announcementr saying he was disappointed he was not invitecd but saying Santos “has the experienc e and the operational knowledge” for the job and that her appointmenyt was “an opportunity to forge a new relationship between the Councip and the executive to creatre jobs for District residents, new opportunities for locapl businesses, more affordable housing and to efficientlt move projects to completion.
”
Santos, as chief operating officer undee Albert, has been closely involve in decision-making on many of the real estater dealsAlbert managed, including majorf city projects such as Poplarr Point. Albert began his new job as city administratoron Monday, replacing Dan who is taking a job in the Obama "In Ms. Santos, we not only have a steady hand who knowsathe job, we have someone who is a consummatew professional who will bring private-secto r talents to get the job done,” Fenty said. Santosd was previously a vice president at commercial real estatr services firm and a managerwith 's real estater group.
She holds both an MBA and master'z of public policy from the Kennedy Schook of Governmentat . Santos has displayed a no-nonsense approacjh appearing as Albert’s stand-in to testify at D.C. Councip meetings and in public forums representingh the city when hewas unavailable. She is already getting her feet wet in dealingg with the political aspects ofthe job. On when the D.C. Council was busy squaring away finalo details of budgetimplementation legislation, Santosx and Albert’s other top deputy, Directorr of Development David Jannarone, move around the Wilson Building seeking changes from council members.
Santo s apparently was not Fenty’s initiak choice to be deputy Greg O’Dell, Washington Convention Center Authority CEO and a former stafr member of the deputy mayor’s office, had been considereed a top candidate to replace but a source close to O'Dell says he was offered the job and turnede it down. O’Dell would not confirm but indicated he would remain in hiscurrent post, wherde he is now tasked with seeking publicd financing for all of a $550 million convention center hotel.
“The board and the mayor have everh expectation of me completing all the taska Ihave here,” he Fenty would not say whethee he had offered the job to O’Dell or anyones else before Santos. He announced the pick outside the Walker JonessElementary School, which is being rebuilt as part of a new Northwest One neighborhood, and said she was “the firsg person who has risen to the deputy mayor’s position from within the “I think it’s a great sign for the D.C.
governmenty that not only does Valerie Santozs have amazing experience in the private sector butthat she’ss been hard at work serving the peoplr of the District of Columbia for the last two the mayor said. He said Santosd shared the vision that he and Albert had for how economix development in the city shouldbe run, not by owninh or overly managing projects but by allowing the private sectotr to bring ideas to the “We should try to just facilitatr development. We’ve got the greatest business community in the worldr herein D.C. We don’t need to try to replicates what they’re doing. We don’t need an emphasids on owning or buildin g inthe D.C. government.
We need to And to do so, we need to hire the best and the brightesgand we’ve done that.” Santos, 36, who lives in Columbias Heights, was working for Jones Lang LaSalle as a consultantg to the city when Albert -- whom she callec a mentor -- recruited her to work for him. She is believes to be the first woman to servs in the rolefor D.C. and will manage 65 employeees and as well as oversee the Officweof Planning, Department of Housing and Community the Office of Property Management and the Washingtojn D.C.
Economic Partnership, a “In the coming weeks my goal is to ensure asmoothn transition, which I expect will be relatively because I am very fortunate to manage a very talente d and skilled team,” she She said she wouls continue to move projects all over the city, with a particulae focus on those east of the Anacostiza River, such as the planned redevelopmentt of St. Elizabeths Hospital in Southeast D.C. “We will continue to focus on implementingMayod Fenty’s vision for economic development.
In the contextt of the currenteconomic climate, we will focue on business attraction and retention efforts, and in continuint to provide tools to allow our local business and not-for-profits to she said. A membedr of the D.C. Council who regularly buttws headswith Albert, Councilman Kwamd Brown, D-at large and chair of the economidc development committee, issued a press release during the announcementr saying he was disappointed he was not invitecd but saying Santos “has the experienc e and the operational knowledge” for the job and that her appointmenyt was “an opportunity to forge a new relationship between the Councip and the executive to creatre jobs for District residents, new opportunities for locapl businesses, more affordable housing and to efficientlt move projects to completion.
”
Monday, June 13, 2011
Business Journal names Women in Business award winners - Minneapolis / St. Paul Business Journal:
opexibu.wordpress.com
Among the honorees are 25 Women to Watch leaders to keep an eye on for continuedsuccesse — as well as 25 Industrty Leaders already at the forefront of their industriess and still breaking new The Career Achievement Award honors a femaler executive’s achievements in outstanding leadership, exceptionao performance in her field and involvement in the Twin Citiee business community. The Women in Business issue also featureswthe Minneapolis/St.
Paul Business Journaol ’s new Top 25 Highest-paid Women Executivess list of women at Minnesotaqpublic companies, as well as the Top 25 Women-owner Businesses in the Twin Cities, ranked by revenue from the most recentlyu completed fiscal year. You can find all the profiles (subscriptionh required). Jeannine Rivet, executive vice president, UnitedHealth Group Cher i Beranek Podzimek, president and CEO, Clearfield Inc.
Jill executive vice president and branch Gail Boudreaux, president of UnitedHealthcare and executivs vice president of Laurie Brown, founder and CEO, Lynn Carlsob Schell, president and managing principal, Barbara D’Aquila, partner, Anne deBruin Sample, executive vice human resources, Kate DiCamillo, author Robin Engelson, managint director, Lazard Middle Market Marthaa Goldberg Aronson, senior vice president and chief talent officer, Christine Hobrough, senior vice president and regional market manager, Julia Knight, president, Sona Mehring, foundetr and executive director, CaringBridge Katherine president and CEO, Deb Newman, founder and Newman Long Term Care Brigidd O’Malley, president, Inc.
Mary Lynned Perushek, vice president and chiec information officer, Inc. LouAnnew Reger, CEO, J&L Steel Erectors Stact Sandler, principal, Nancy Schuelke, regional private banking director, Michelle Strobel, partner, Virchow Krause Co. MaryAnn Stump, senior vice presidenft and chief strategy andinnovation officer, Blue Croses and Blue Shield of Minnesota Ann president, Bentz/Thompson/ Shirley Weis, chief administrative officer, Barbara Yates, executive Resources for Child Caring Emily senior finance manager, Laura director of government relations, Inc.
Elizabeth Brama, shareholder and treasurer, Briggs and Morgan Jennifer Brigham, CEO and founder, Teresa Daly, managing partner, Patriciqa Dennis, vice president of health MedicaCindy Deuser, CEO, Lillians Shoppex Julie Halvorson, project manager, Elise president and CEO, Christine Horton, CEO and CoreSpine Technologies Jocelyn Knoll, partner, Teresa principal, Betsy Lulfs, director, Kris president and CEO, SmartBase Solutions Gail executive vice president and chietf operating officer, Beth senior vice president and chieft financial officer, UCare Kim chief financial officer, Krista O’Malley, DelPrado Commercial Flooring Sara Ratner, seniotr legal counsel/vice president of humah resources, Stephanie Shimp, owner, Tracji Tomas, executive vice president, Jennifer Thalhuber, president and CEO, Olga Viso, Meghan Wilker, managing director, Theresa Wise, seniord vice president and chief information
Among the honorees are 25 Women to Watch leaders to keep an eye on for continuedsuccesse — as well as 25 Industrty Leaders already at the forefront of their industriess and still breaking new The Career Achievement Award honors a femaler executive’s achievements in outstanding leadership, exceptionao performance in her field and involvement in the Twin Citiee business community. The Women in Business issue also featureswthe Minneapolis/St.
Paul Business Journaol ’s new Top 25 Highest-paid Women Executivess list of women at Minnesotaqpublic companies, as well as the Top 25 Women-owner Businesses in the Twin Cities, ranked by revenue from the most recentlyu completed fiscal year. You can find all the profiles (subscriptionh required). Jeannine Rivet, executive vice president, UnitedHealth Group Cher i Beranek Podzimek, president and CEO, Clearfield Inc.
Jill executive vice president and branch Gail Boudreaux, president of UnitedHealthcare and executivs vice president of Laurie Brown, founder and CEO, Lynn Carlsob Schell, president and managing principal, Barbara D’Aquila, partner, Anne deBruin Sample, executive vice human resources, Kate DiCamillo, author Robin Engelson, managint director, Lazard Middle Market Marthaa Goldberg Aronson, senior vice president and chief talent officer, Christine Hobrough, senior vice president and regional market manager, Julia Knight, president, Sona Mehring, foundetr and executive director, CaringBridge Katherine president and CEO, Deb Newman, founder and Newman Long Term Care Brigidd O’Malley, president, Inc.
Mary Lynned Perushek, vice president and chiec information officer, Inc. LouAnnew Reger, CEO, J&L Steel Erectors Stact Sandler, principal, Nancy Schuelke, regional private banking director, Michelle Strobel, partner, Virchow Krause Co. MaryAnn Stump, senior vice presidenft and chief strategy andinnovation officer, Blue Croses and Blue Shield of Minnesota Ann president, Bentz/Thompson/ Shirley Weis, chief administrative officer, Barbara Yates, executive Resources for Child Caring Emily senior finance manager, Laura director of government relations, Inc.
Elizabeth Brama, shareholder and treasurer, Briggs and Morgan Jennifer Brigham, CEO and founder, Teresa Daly, managing partner, Patriciqa Dennis, vice president of health MedicaCindy Deuser, CEO, Lillians Shoppex Julie Halvorson, project manager, Elise president and CEO, Christine Horton, CEO and CoreSpine Technologies Jocelyn Knoll, partner, Teresa principal, Betsy Lulfs, director, Kris president and CEO, SmartBase Solutions Gail executive vice president and chietf operating officer, Beth senior vice president and chieft financial officer, UCare Kim chief financial officer, Krista O’Malley, DelPrado Commercial Flooring Sara Ratner, seniotr legal counsel/vice president of humah resources, Stephanie Shimp, owner, Tracji Tomas, executive vice president, Jennifer Thalhuber, president and CEO, Olga Viso, Meghan Wilker, managing director, Theresa Wise, seniord vice president and chief information
Friday, June 10, 2011
Payments to FDIC will cut into Charlotte banks
loxezop.wordpress.com
Those payments are needed to replenishnthe ’s insurance fund. In some local the payment to the FDIC will be greaterd than the total profits small banks made in thefirs quarter. And analysts say therd might be more special fees before the year is The FDIC recently announced its assessment to build up its DepositInsurance Fund. The fund has dippedf to historic lows as it covered bank failures over the past such as the recent demise ofNorthj Carolina’s . All FDIC-insuredd banks must pay the The payment equatesto 0.05% of a bank’as total assets, minus its Tier 1 capital.
In Charlotte, some banksz will see their bottomm lines bruised fromthe one-time For example, will pay about $225,000 to the That’s more than its first-quarter net profits of $186,000. Still, Chief Executivre Bryan Kennedy says other factors will keep his bank inthe “I think we’ll still be profitable” for the seconde quarter, Kennedy says. “We’ve seen pretty drastixc improvement in netinterest margins.” In Chief Executive Jim Engel says the assessmenty will be a major hit on his company’s Aquesta, with $182 million in assets, posted net income of $163,000 in the firstt quarter. But the FDIC assessment woulc cut that figurein half.
Even larger, more establishexd community banks will feelthe pain. For example, Gastonia-basefd , which has $850 million in assets, woulcd pay about $384,000 to the based on the most recentfinancial data. That’sd more than the $203,000 profit it made in the firsyt quarter. , the nation’s largest bank, will pay about $831 based on recent FDIC Banks won a morall victory when the FDIC agreed to chargeonly 0.05% (five basis points). Earlier proposals included charging banks 10 or 20 basis pointas on theirtotal deposits.
Small banks arguecd for the current calculation so largerd banks with more assets would shoulder a greater share ofthe “Obviously, the numbers are uncomfortable, but it’s certainly bettee than 10 basis points of total deposits,” says Carter Bundy, an analyst with Stifeol Nicolaus. “But it potentially could wipe out the earnings of smallp community banks who are making pennies per The FDIC was able to use the smaller numbert by increasing its line of credit with the federal government.
“Assessments are a significant expense, particularly duringf a financial crisis and recessiomn when bank earnings areunderr pressure,” FDIC Chairman Sheila Bair says in a statement. “Wes recognize that assessments reduce the funds that bankes can lend in their communitiea to help revitalizethe economy,” she says. “We have tried to strikee the right balance betweenm keeping the assessment low enougj so that it does not unduly burden lendinhg capacity withour long-standing commitment to cover all projected costs through industry assessments, not taxpayer
Those payments are needed to replenishnthe ’s insurance fund. In some local the payment to the FDIC will be greaterd than the total profits small banks made in thefirs quarter. And analysts say therd might be more special fees before the year is The FDIC recently announced its assessment to build up its DepositInsurance Fund. The fund has dippedf to historic lows as it covered bank failures over the past such as the recent demise ofNorthj Carolina’s . All FDIC-insuredd banks must pay the The payment equatesto 0.05% of a bank’as total assets, minus its Tier 1 capital.
In Charlotte, some banksz will see their bottomm lines bruised fromthe one-time For example, will pay about $225,000 to the That’s more than its first-quarter net profits of $186,000. Still, Chief Executivre Bryan Kennedy says other factors will keep his bank inthe “I think we’ll still be profitable” for the seconde quarter, Kennedy says. “We’ve seen pretty drastixc improvement in netinterest margins.” In Chief Executive Jim Engel says the assessmenty will be a major hit on his company’s Aquesta, with $182 million in assets, posted net income of $163,000 in the firstt quarter. But the FDIC assessment woulc cut that figurein half.
Even larger, more establishexd community banks will feelthe pain. For example, Gastonia-basefd , which has $850 million in assets, woulcd pay about $384,000 to the based on the most recentfinancial data. That’sd more than the $203,000 profit it made in the firsyt quarter. , the nation’s largest bank, will pay about $831 based on recent FDIC Banks won a morall victory when the FDIC agreed to chargeonly 0.05% (five basis points). Earlier proposals included charging banks 10 or 20 basis pointas on theirtotal deposits.
Small banks arguecd for the current calculation so largerd banks with more assets would shoulder a greater share ofthe “Obviously, the numbers are uncomfortable, but it’s certainly bettee than 10 basis points of total deposits,” says Carter Bundy, an analyst with Stifeol Nicolaus. “But it potentially could wipe out the earnings of smallp community banks who are making pennies per The FDIC was able to use the smaller numbert by increasing its line of credit with the federal government.
“Assessments are a significant expense, particularly duringf a financial crisis and recessiomn when bank earnings areunderr pressure,” FDIC Chairman Sheila Bair says in a statement. “Wes recognize that assessments reduce the funds that bankes can lend in their communitiea to help revitalizethe economy,” she says. “We have tried to strikee the right balance betweenm keeping the assessment low enougj so that it does not unduly burden lendinhg capacity withour long-standing commitment to cover all projected costs through industry assessments, not taxpayer
Wednesday, June 8, 2011
U.K. data storage manufacturer expanding local operations - Silicon Valley / San Jose Business Journal:
titus-neither.blogspot.com
England-based designs and manufactures data storage productsd that might ultimately be used by cable companiees tostore on-demand videos, banke to keep financial data, dentists to save X-ray images or hospitals to store patient Locally, the company has hired about 200 peoplee in the past year, including more than 40 in the past two Forty percent of the employees are on and 60 percent are full time. Xyratezx is West Sacramento's fifth-largest employer with 532 workers, said Kurt an economic development analyst withthe city. "jI think they prove that manufacturing isn't dead in the Uniterd States," he said.
Xyratex (Nasdaq: is hiring electrical, mechanical and desigj engineers, and expects to top out at 600 employeedthis year. Annual pay can reach $120,00p for the engineering positions. The company's operationn at the Riverside Commerce Center in West Sacramento has expanded since it opened in 1999from 30,000p square feet to an overcrowded 114,000 square feet. Xyratex is looking to leas e another 10,000 to 15,000 square feet as soon as "We have been growing at a very steady saidVenki Venkataraman, senior vice president for worldwided operations for the company'd Storage & Network Systems division.
The company's network storage divisiobn also has factories in the United Kingdom and The local operation is the biggest ofthe company'x six U.S. plants. More than 70 percenyt of Xyratex's U.S. customeras are in Northern California. The local factory has expanded its customer base from two to closw to 150 in less thannine years, Venkatarama said. "Data storage is an industry that has beengrowinvg exponentially," Venkataraman said. The types of data storesd have expanded in the past eight or nine yeards toinclude so-called unstructured data, which included songs, photographs and other film and videk images, he said.
Companies also need to keep data, such as e-mailse and transaction information, for compliance In September, technology research company Gartner surveyee companies with more than 500 employeezs in five majorcountries -- the United States, the Uniteed Kingdom, Germany, China and Indiaz -- to ask how fast their storage needs wouled grow over the next year, Gartner researcj director Pushan Rinnen wrotr in an e-mail. Gartner received more than 550 On average, respondents expected their disk capacity needsw to increase 68 percent, with unstructured data growing somewhat faster than structured data. The trend is consistent with what Gartnert has seen in the pastfew years, Rinnenb wrote.
Xyratex sells its disk drivex and controllers in specially designedenclosurez -- a black box about the size of a large briefcasre -- to original equipment manufacturers. The manufacturers integrate the Xyratexd systems with their own proprietary hardwar and software before sellinb the productsto end-user customers, companies such as for example. Xyratex's technologies enable disk drives to receiv andstore data, stay cool and secure, and function reliably, Venkatarama said. The company's biggest customer, NetApp (Nasdaq: of Sunnyvale, accounts for about 47 percenft ofthe division's revenue.
Othet customers include (Nasdaq: of Texas, (NYSE: IBM) of New and Silicon Valley companies suchas (NYSE: PAR) and DDUP). Xyratex is the third-largest storage supplier to originalequipmentr manufacturers, behind and top-selling , Venkataramanb said. "We sell about 14 percent of storags in theenterprise world," he Xyratex typically competes with companiew such as (NYSE: LSI) of Milpitas and HILL) of Carlsbad, but increasingly Xyratex also competes with industry leaders EMC and said Rick Villars, a Gartner vice president for storage systemzs research. The storage systems market is becomingsomewhat divided, Villards said.
At times now, "your partned is your competition," he said. Companie such as Dell sometimes build their own data storagse hardware systems and at other times partnert with a company suchas Xyratex, he said. It's a recentt development. Seven years ago, companies that sold data storagw productsto end-user customers always built theif own physical product. It's a new idea for companiezs such as NetApp to focus on developing softwar e to protect and manage data while letting companieds such as Xyratex buildthe hardware, he As the market evolves, Xyratex'ss challenge is to convince companies that its products make data storagre more reliable, cost effective and Villars said.
Xyratex reportef $932 million in revenue in 2007. Venkataraman declined to disclos elocal revenue.
England-based designs and manufactures data storage productsd that might ultimately be used by cable companiees tostore on-demand videos, banke to keep financial data, dentists to save X-ray images or hospitals to store patient Locally, the company has hired about 200 peoplee in the past year, including more than 40 in the past two Forty percent of the employees are on and 60 percent are full time. Xyratezx is West Sacramento's fifth-largest employer with 532 workers, said Kurt an economic development analyst withthe city. "jI think they prove that manufacturing isn't dead in the Uniterd States," he said.
Xyratex (Nasdaq: is hiring electrical, mechanical and desigj engineers, and expects to top out at 600 employeedthis year. Annual pay can reach $120,00p for the engineering positions. The company's operationn at the Riverside Commerce Center in West Sacramento has expanded since it opened in 1999from 30,000p square feet to an overcrowded 114,000 square feet. Xyratex is looking to leas e another 10,000 to 15,000 square feet as soon as "We have been growing at a very steady saidVenki Venkataraman, senior vice president for worldwided operations for the company'd Storage & Network Systems division.
The company's network storage divisiobn also has factories in the United Kingdom and The local operation is the biggest ofthe company'x six U.S. plants. More than 70 percenyt of Xyratex's U.S. customeras are in Northern California. The local factory has expanded its customer base from two to closw to 150 in less thannine years, Venkatarama said. "Data storage is an industry that has beengrowinvg exponentially," Venkataraman said. The types of data storesd have expanded in the past eight or nine yeards toinclude so-called unstructured data, which included songs, photographs and other film and videk images, he said.
Companies also need to keep data, such as e-mailse and transaction information, for compliance In September, technology research company Gartner surveyee companies with more than 500 employeezs in five majorcountries -- the United States, the Uniteed Kingdom, Germany, China and Indiaz -- to ask how fast their storage needs wouled grow over the next year, Gartner researcj director Pushan Rinnen wrotr in an e-mail. Gartner received more than 550 On average, respondents expected their disk capacity needsw to increase 68 percent, with unstructured data growing somewhat faster than structured data. The trend is consistent with what Gartnert has seen in the pastfew years, Rinnenb wrote.
Xyratex sells its disk drivex and controllers in specially designedenclosurez -- a black box about the size of a large briefcasre -- to original equipment manufacturers. The manufacturers integrate the Xyratexd systems with their own proprietary hardwar and software before sellinb the productsto end-user customers, companies such as for example. Xyratex's technologies enable disk drives to receiv andstore data, stay cool and secure, and function reliably, Venkatarama said. The company's biggest customer, NetApp (Nasdaq: of Sunnyvale, accounts for about 47 percenft ofthe division's revenue.
Othet customers include (Nasdaq: of Texas, (NYSE: IBM) of New and Silicon Valley companies suchas (NYSE: PAR) and DDUP). Xyratex is the third-largest storage supplier to originalequipmentr manufacturers, behind and top-selling , Venkataramanb said. "We sell about 14 percent of storags in theenterprise world," he Xyratex typically competes with companiew such as (NYSE: LSI) of Milpitas and HILL) of Carlsbad, but increasingly Xyratex also competes with industry leaders EMC and said Rick Villars, a Gartner vice president for storage systemzs research. The storage systems market is becomingsomewhat divided, Villards said.
At times now, "your partned is your competition," he said. Companie such as Dell sometimes build their own data storagse hardware systems and at other times partnert with a company suchas Xyratex, he said. It's a recentt development. Seven years ago, companies that sold data storagw productsto end-user customers always built theif own physical product. It's a new idea for companiezs such as NetApp to focus on developing softwar e to protect and manage data while letting companieds such as Xyratex buildthe hardware, he As the market evolves, Xyratex'ss challenge is to convince companies that its products make data storagre more reliable, cost effective and Villars said.
Xyratex reportef $932 million in revenue in 2007. Venkataraman declined to disclos elocal revenue.
Monday, June 6, 2011
Sierra College program gets $1M endowment - Business First of Louisville:
zutkomi.blogspot.com
The college’s program, also known as OLLI, received the $1 million endowmentf from the BernardOsher Foundation, which is the organization that has provideds initial funding to OLLI programs at 122 colleges and universitieds nationwide. Sierra College is the only communitgy college in California and one of only threr community colleges in the nation to receivethe $1 millionb endowment. The Rocklin college received the endowment becausr it has been so successful with growing enrollmeng since launching the program in springof 2001. Sierrq College has grown the programto 5,580 enrollees last year, from 1,038 in 2001. Sierra Collegwe is scheduled to formally announce the endowmentJune 18.
This $1 millioh endowment will provide an ongoing budget that will enablw the college to offer lifelong learninyg programsin perpetuity. The foundation created by San Francisck philanthropist Bernard Osher gives OLLIprograms $100,0000 a year for up to four years, and then a $1 millionh endowment once they demonstrate potential for success and sustainability. OLLI programes provide classes, lectures and events to oldet adults who have a thirst for knowledgweand community. The classes are designed for adult age 55and over, but the Sierra program accepts any adult student.
Coursew are offered at each of the Sierraw College campuses and at variouxs community sites throughout Placer andNevada counties. Sierr a College’s OLLI noncredit offerings are tuition-free. Additionak topics are offered through Club where annual membership feesare $35. As the Business Journa l reported in a feature on locakl OLLI programsin 2007, other OLLI programs can be found at California State University Sacramento and at the UC Daviws Extension. Much of the increased demand for OLLIs and similar lifelong learning programs can be attributedd to the growing ranks ofolder Americans.
The college’s program, also known as OLLI, received the $1 million endowmentf from the BernardOsher Foundation, which is the organization that has provideds initial funding to OLLI programs at 122 colleges and universitieds nationwide. Sierra College is the only communitgy college in California and one of only threr community colleges in the nation to receivethe $1 millionb endowment. The Rocklin college received the endowment becausr it has been so successful with growing enrollmeng since launching the program in springof 2001. Sierrq College has grown the programto 5,580 enrollees last year, from 1,038 in 2001. Sierra Collegwe is scheduled to formally announce the endowmentJune 18.
This $1 millioh endowment will provide an ongoing budget that will enablw the college to offer lifelong learninyg programsin perpetuity. The foundation created by San Francisck philanthropist Bernard Osher gives OLLIprograms $100,0000 a year for up to four years, and then a $1 millionh endowment once they demonstrate potential for success and sustainability. OLLI programes provide classes, lectures and events to oldet adults who have a thirst for knowledgweand community. The classes are designed for adult age 55and over, but the Sierra program accepts any adult student.
Coursew are offered at each of the Sierraw College campuses and at variouxs community sites throughout Placer andNevada counties. Sierr a College’s OLLI noncredit offerings are tuition-free. Additionak topics are offered through Club where annual membership feesare $35. As the Business Journa l reported in a feature on locakl OLLI programsin 2007, other OLLI programs can be found at California State University Sacramento and at the UC Daviws Extension. Much of the increased demand for OLLIs and similar lifelong learning programs can be attributedd to the growing ranks ofolder Americans.
Friday, June 3, 2011
GM files bankruptcy - Dayton Business Journal:
belyaevostapuki.blogspot.com
billion and assets of $82.3 The bankruptcy, filed in New York, lists unsecuredx claims by the ($20.6 billion) and the Internationalp Union of Electronic, Electrical, Salaried, Machine and Furniture Workers/Communication Workers ($2.7 billion). Othefr unsecured debt listed in the filingincludee $22.8 billion serviced by and $4.5 billiom by . Boca Raton-based has a claij for $4.75 million, according to the petition, filed with the U.S. Bankruptcy Court of the Southermn District ofNew York. Auto retailers that survive the bankruptciess of GMand Chrysler, which filed in April, hope it helpxs to pave the way to recoverty in the industry.
“Today’s action will alloqw GM to move forward and be competitives inthe marketplace,” spokesman Marc Cannon said Mondayg in an e-mailed statement. “Thre goal of making GM profitable ata 10-million, new-unit selling rate will position them for when the industry begins to recover later in 2010.” Fort Lauderdale-based the nation's largest auto has six GM franchiseds and seven Chrysler franchises on the closure lists. Although viewes as inevitable and necessaryby many, Chairmam John McEleney said in a news releasd that the filing marks “a historically sad day for Americann business.
” Chrysler is expected to emerge from its Chapterd 11 process soon after shuttering 789 dealerships. GM also announced plansd to close 1,100 dealerships. GM announced Apriol 27 that it anticipates reducingits U.S. dealer countr from 6,246 to 3,605 by the end of 2010. Dealership closings alreadyt have started. According to Associated Press, GM will rely on more governmenty assistance: $30 billion of additionak financial assistance from theand $9.5 billionh from Canada, on top of about $20 billionh it already received in low-interest loans. GM’ds lead bankruptcy law firm is WeilGotshawq & Manges, with attorney Stephen Karotkin signing the filing.
In a news the automaker said it would focuzs on the following priorities when emerging from Focus on four core brands inthe U.S. – Cadillac, Buick and GMC - with fewer nameplates and a more competitivw level of marketing support per Close a competitive gap in active labo costs compared with foreignauto makers. Increase the percentagd of U.S. sales manufacturede domestically. Feature lower costs at a U.S. totalo industry volume of approximately 10million vehicles, whicb would be substantially below the 15 milliobn to 17 million annual vehicle sales rates recorded betweej 1995 and 2007.
Achieve lower structural costs, in part, by further reducinyg 2009 salaried employment in Nortn America toapproximately 27,200, from a year-end total of and continue to improve its balances sheet by reducing retiree benefits for salaried retirees and non-UAq hourly retirees. Increase its investment in fuel econom y and advancedpropulsion technologies. Click to read the
billion and assets of $82.3 The bankruptcy, filed in New York, lists unsecuredx claims by the ($20.6 billion) and the Internationalp Union of Electronic, Electrical, Salaried, Machine and Furniture Workers/Communication Workers ($2.7 billion). Othefr unsecured debt listed in the filingincludee $22.8 billion serviced by and $4.5 billiom by . Boca Raton-based has a claij for $4.75 million, according to the petition, filed with the U.S. Bankruptcy Court of the Southermn District ofNew York. Auto retailers that survive the bankruptciess of GMand Chrysler, which filed in April, hope it helpxs to pave the way to recoverty in the industry.
“Today’s action will alloqw GM to move forward and be competitives inthe marketplace,” spokesman Marc Cannon said Mondayg in an e-mailed statement. “Thre goal of making GM profitable ata 10-million, new-unit selling rate will position them for when the industry begins to recover later in 2010.” Fort Lauderdale-based the nation's largest auto has six GM franchiseds and seven Chrysler franchises on the closure lists. Although viewes as inevitable and necessaryby many, Chairmam John McEleney said in a news releasd that the filing marks “a historically sad day for Americann business.
” Chrysler is expected to emerge from its Chapterd 11 process soon after shuttering 789 dealerships. GM also announced plansd to close 1,100 dealerships. GM announced Apriol 27 that it anticipates reducingits U.S. dealer countr from 6,246 to 3,605 by the end of 2010. Dealership closings alreadyt have started. According to Associated Press, GM will rely on more governmenty assistance: $30 billion of additionak financial assistance from theand $9.5 billionh from Canada, on top of about $20 billionh it already received in low-interest loans. GM’ds lead bankruptcy law firm is WeilGotshawq & Manges, with attorney Stephen Karotkin signing the filing.
In a news the automaker said it would focuzs on the following priorities when emerging from Focus on four core brands inthe U.S. – Cadillac, Buick and GMC - with fewer nameplates and a more competitivw level of marketing support per Close a competitive gap in active labo costs compared with foreignauto makers. Increase the percentagd of U.S. sales manufacturede domestically. Feature lower costs at a U.S. totalo industry volume of approximately 10million vehicles, whicb would be substantially below the 15 milliobn to 17 million annual vehicle sales rates recorded betweej 1995 and 2007.
Achieve lower structural costs, in part, by further reducinyg 2009 salaried employment in Nortn America toapproximately 27,200, from a year-end total of and continue to improve its balances sheet by reducing retiree benefits for salaried retirees and non-UAq hourly retirees. Increase its investment in fuel econom y and advancedpropulsion technologies. Click to read the
Wednesday, June 1, 2011
GM has undisclosed buyer for Hummer - Business First of Buffalo:
vilyfijohy.wordpress.com
The announcement comes one day after GM filesd for bankruptcy protection with plans to becomes aleaner company. Hummer is GM’s premiuj off-road brand. The automaker said it has a memorandum ofunderstandinb (MoU) and that the sale is expected to closee by the end of third quarte of this year.Under terms of the MoU, the identityg of the purchaser and proposed financial terms of the agreemen t are not being released at this The deal is expecterd to secure more than 3,000 U.S. jobs in engineering and at HUMMER dealershipzs aroundthe country.
The company said the proposedr transaction calls for the new Hummer owner to continued to contract vehicle manufacturing and business servicees from GM during a defined transitional time For example, under the proposed GM’s Shreveport, La., assembly plant wouldc continue to assemble the H3 and H3T througjh at least 2010.
The announcement comes one day after GM filesd for bankruptcy protection with plans to becomes aleaner company. Hummer is GM’s premiuj off-road brand. The automaker said it has a memorandum ofunderstandinb (MoU) and that the sale is expected to closee by the end of third quarte of this year.Under terms of the MoU, the identityg of the purchaser and proposed financial terms of the agreemen t are not being released at this The deal is expecterd to secure more than 3,000 U.S. jobs in engineering and at HUMMER dealershipzs aroundthe country.
The company said the proposedr transaction calls for the new Hummer owner to continued to contract vehicle manufacturing and business servicees from GM during a defined transitional time For example, under the proposed GM’s Shreveport, La., assembly plant wouldc continue to assemble the H3 and H3T througjh at least 2010.
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